Donations


Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. If you put a restriction on the use of property you donate, the FMV must reflect that restriction.

What kind of Donations can you send us:
  • Household Goods
  • Used Clothing
  • Jewelry & Gems
  • Paintings, Antiques, and & other objects of Art
  • Collections
(Most common are rare books, autographs, sports memorabilia, dolls, manuscripts,stamps, coins, guns, phonograph records, and natural history items. Many of the elements of valuation that apply to paintings and other objects of art, discussed earlier, also apply to miscellaneous collections)
  • Cars, Boats & Aircraft
  • Inventory
  • Patents
  • Stocks & Bonds
  • Real Estate
  • Interest in a Business
  • Annuities
  • Certain Life Insurance and Annuity Contracts
  • Partial Interest in Property Not in Trust

(Generally, no deduction is allowed for a charitable contribution, not made in trust, of less than your entire interest in property. However, this does not apply to a transfer of less than your entire interest if it is a transfer of:
  • A remainder interest in your personal residence or farm,
  • An undivided part of your entire interest in property, or a qualified conservation contribution.
  • All information listed on Donations was found on the IRS Website. If you want to learn more, please press
http://www.irs.gov/publications/p561/ar02.html#d0e139.
*DISCLAIMER: This information is not intended to provide legal or accounting advice, or to address specific situations. Please consult with your legal or tax advisor to supplement and verify what you learn here*

What forms are needed, if you do want to write off contributions or donations?

File IRS 1040 EZ (Single/Joint with no dependents)

What forms are needed, if you do want to write off contributions or donations?

(Single/Joint with no dependents)







Share Your Blessings With Those In Need
What God blesses us with, or from those who wish to help us because they feel the same way we do and they truly want to be a part of an organization that truly wants to help others to know him and to help give hope to those who need him.

Share Your Blessings With Those In Need. What God blesses us with, or from those who wish to help us because they feel the same way we do and they truly want to be a part of an organization that truly wants to help others to know him and to help give hope to those who need him.
 

 
 
 
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